KYLIE JENNER BECOMES THE WORLD’S YOUNGEST SELF-MADE BILLIONAIRE

21 years old Kylie Kristen Jenner has become the world’s youngest self-made billionaire with a current worth of $1 billion, according to Forbes billionaire list. Kylie Jenner is the founder and owner of a cosmetic company called ‘Kylie Cosmetic’.
Kylie Cosmetic signed an exclusive distribution deal with beauty retailer Ulta, which has over 1000 distribution stores. According to estimates from Oppenheimer, Kylie Cosmetics sold over $54.5 million worth of cosmetics products in Ulta. Fuelled by the Ulta expansion, Kylie Cosmetics revenue climbed to 9% last year to an estimated $360 million. Due to the profitability in Kylie Cosmetics product sales, the 21 years old Kylie Jenner moved from $900 million worth to $1 billion dollar worth. With this, she is the world youngest ever self-made billionaire, reaching a ten figure fortune at a younger age than Facebook founder Mark Zuckerberg, who was 23 years old when be become a billionaire.

In response to this, the young billionaire  said ‘’I didn’t expect anything. I did not foresee the future, but feels really good. That’s a nice pat on the back.’’
In 2015, Kylie Jenner launched her Kylie Cosmetics company. The cosmetics company was initially known as Kylie Lip Kits when she started the company, but in 2016, she changed the name to Kylie Cosmetics. Congrats to her !

photo credit: Kylie Jenner/Instagram